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by myrmidon
268 days ago
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I disagree with this. You are basically asking taxpayers to fund an uncompetitive (i.e. wasteful) local industry. I think that's justifiable when you have high local unemployment (making the thing a job program, really), or when you really need the industry for strategic reasons (food and weapon manufacturing), but when that is not the case, doing this raises labor costs in general and hurts your actually useful and globally competitive industries, too. |
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That is why even something as manufacturing cars, trucks and airplanes is vital to be resilient. And in addition, it's bad enough how much of a grip China has on our balls with rare-earth metals, pharmaceuticals, chemicals and the threat of snacking a piece of Taiwan. India isn't much better, they keep buying up Russian oil despite sanctions. We don't need to hand them more economic power.
And yes, resilience costs money. We need to explain that to our populations - and most importantly, we need to make sure that our populations actually get some more of the wealth and income that is being generated every year so they can afford it, like in the past!